GlobeNewswire·Aug 5, 2026, 4:12 PM ET

Pennant Reports Second Quarter 2026 Results

The Pennant Group, Inc. reported GAAP diluted earnings per share of $0.25 and adjusted diluted earnings per share of $0.36 for the second quarter of 2026.
Total revenue for the second quarter reached $298.0 million, representing a 35.8% increase over the prior year quarter.
Net income for the quarter was $9.1 million, an increase of 28.2% year-over-year, while adjusted net income rose to $12.8 million, up 36.5%.
Consolidated Adjusted EBITDA increased 48.2% to $24.3 million, and Consolidated Adjusted EBITDAR grew 33.3% to $37.6 million.
Home Health and Hospice Services segment revenue grew 43.2% to $237.8 million, driven by a 62.3% surge in total home health admissions.
Senior Living Services segment revenue increased 12.6% to $60.2 million, with average occupancy rising to 78.9%.
Management updated full-year 2026 guidance, anticipating total revenue between $1,171.1 million and $1,190.1 million.
Updated 2026 guidance includes adjusted earnings per diluted share between $1.34 and $1.41, and adjusted EBITDA between $94.4 million and $98.0 million.
The company is integrating recently acquired operations in the southeast ahead of schedule, with the two largest waves expected to be fully completed by mid-fourth quarter.
A conference call to discuss these financial results is scheduled for August 6, 2026, at 10:00 a.m. Mountain time.